The Herald : Politics: BUDGET 2007: "CHARITIES reacted with dismay to yesterday's cut in the basic rate of income tax, which it was claimed would slash the amount they receive through Gift Aid donations.
The Charities Aid Foundation (CAF) said that the £625m UK charities receive each year would be reduced to £554m as a consequence of the basic income tax rate falling from 22% to 20% by next April.
Under the Gift Aid scheme, charities can reclaim tax on charitable donations."
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